What are the qualifications of the Appraiser selected by Crisp & Green?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
INDEPENDENT AUDITORS' REPORT
Member Crisp & Green Franchising LLC Wayzata, Minnesota
Report on the Audit of the Financial Statements Opinion
We have audited the accompanying financial statements of Crisp & Green Franchising LLC, which comprise the balance sheets as of December 31, 2023, 2022, and 2021 and the related statements of operations, member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Crisp & Green Franchising LLC as of December 31, 2023, 2022, and 2021, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Crisp & Green Franchising LLC and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Crisp & Green Franchising LLC's ability to continue as a going concern for one year after the date the financial statements are available to be issued.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
Based on the 2024 Crisp & Green Franchise Disclosure Document, the qualifications of the appraiser are not explicitly detailed. However, the FDD includes an Independent Auditor's Report from CliftonLarsonAllen LLP. This firm has conducted audits of Crisp & Green Franchising LLC's financial statements for the years 2021, 2022, and 2023.
The report states that the audits were conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). As part of their responsibilities, the auditors exercise professional judgment, maintain professional skepticism, assess risks of material misstatement, and evaluate the appropriateness of accounting policies and the reasonableness of significant accounting estimates made by management.
While the report confirms that CliftonLarsonAllen LLP is independent of Crisp & Green Franchising LLC and meets ethical responsibilities, it does not elaborate on the specific educational background, certifications, or experience of the individual auditors involved. A prospective franchisee might want to ask Crisp & Green for more information about the selection process and qualifications of any appraisers or auditors they use.